Form 4: Tompkins Financial Corp Director Acquires Phantom Stock

Janet M. Coletti, a director of Tompkins Financial Corp, reports the acquisition of phantom stock equivalent to 85.24 shares of common stock on April 3, 2025.

Summary

• Janet M. Coletti, a director at Tompkins Financial Corp, filed a Form 4 with the SEC.
• The form reports a transaction on April 3, 2025, where Coletti acquired phantom stock.
• The phantom stock is equivalent to 85.24 shares of common stock.
• The price of the derivative security is $63.3508 per share.
• Following the transaction, Coletti directly owns 441.996 derivative securities.
• The phantom stock represents deferred stock compensation under the Amended and Restated Retainer Plan for Eligible Directors.
• The shares are held in a rabbi trust and Coletti has no voting or investment power prior to distribution.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.

Stakeholder Impact

• The acquisition of phantom stock by a director could be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Form 4, Tompkins Financial Corp, Director, Janet M. Coletti, Phantom Stock, SEC Filing, Deferred Compensation, TMP